Message-ID: <14227194.1075862234285.JavaMail.evans@thyme> Date: Thu, 15 Nov 2001 12:50:40 -0800 (PST) From: paul.kaufman@enron.com Subject: FW: Application Filing Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Kaufman, Paul X-To: 'keith.fullenweider@dynegy.com', Shapiro, Richard X-cc: X-bcc: X-Folder: \RSHAPIRO (Non-Privileged)\Shapiro, Richard\Granite "2" X-Origin: Shapiro-R X-FileName: RSHAPIRO (Non-Privileged).pst My proposed response: "Jason: From Enron and Dynegy's standpoint, there is a binding contract between NWN and Enron for the sale of PGE. There is only one suitor. Dynegy remains committed to the transaction. At this juncture, Dynegy is analyzing Oregon law to determine how it applies to them ... so it's premature to discuss 511. To use your analogy--"there's no reason to be envious, you picked the best the bride." We hope that everyone can stay focused on the NWN transaction--at this point it is the only proposal for the acquisition of PGE pending before the OPUC. Hope you are well. Give me a call if you have any questions. -----Original Message----- From: Citizens' Utility Board of Oregon [mailto:orcub@pacifier.com] Sent: Wednesday, November 14, 2001 8:37 AM To: DUDLEY, JAY Subject: Fw: Application Filing ******************************************** Citizens' Utility Board of Oregon 921 SW Morrison, #511 Portland, OR 97205 (503) 227-1984 (503) 274-2956 - FAX email: cub@teleport.com web: www.oregoncub.org -----Original Message----- From: Citizens' Utility Board of Oregon To: Ackerman, Susan ; 'HELLMAN Marc' ; Mike Morgan (E-mail) ; Pamela Lesh (E-mail) ; Paul Kaufman (E-mail) Cc: Jay Dudley (E-mail) ; Jim Fell (E-mail) ; Kelley, Carla ; Bob Jenks (E-mail) ; TATOM Bonnie ; Ed Finklea (E-mail) ; Jason Eisdorfer (E-mail) ; Ken Canon (E-mail) ; SPARLING Lee ; Melinda Davison (E-mail) ; Paula Pyron (E-mail) ; Stephanie Andrus (E-mail) Date: Tuesday, November 13, 2001 3:44 PM Subject: Re: Application Filing >On the other hand, does anyone doubt that Dynegy's acquisition of Enron with >PGE would necessitate a 511 filing to exercise influence? The NW Natural >acquisition is not a done deal (the application hasn't even been filed). So >does Dynegy assume that approval or does it prepare an application of its >own? That would be a first: two simultaneous 511 applications over the same >company. I would be real envious of PGE (not one, but two suitors) if I >wasn't married (and unable to buy stock in the company). >Jason >******************************************** >Citizens' Utility Board of Oregon >921 SW Morrison, #511 >Portland, OR 97205 >(503) 227-1984 >(503) 274-2956 - FAX >email: cub@teleport.com >web: www.oregoncub.org > >-----Original Message----- >From: Ackerman, Susan >To: 'HELLMAN Marc' ; Mike Morgan (E-mail) >; Pamela Lesh (E-mail) ; Paul Kaufman >(E-mail) >Cc: Jay Dudley (E-mail) ; Jim Fell (E-mail) >; Kelley, Carla ; Bob Jenks (E-mail) >; TATOM Bonnie ; Ed Finklea >(E-mail) ; Jason Eisdorfer (E-mail) >; Ken Canon (E-mail) ; SPARLING Lee >; Melinda Davison (E-mail) ; >Paula Pyron (E-mail) ; Stephanie Andrus (E-mail) > >Date: Tuesday, November 13, 2001 9:19 AM >Subject: RE: Application Filing > > >>Marc, good question. I think that Dynegy should want the NWN/PGE >>transaction to go forward quickly, for a couple reasons. First, Dynegy >>ownes Illinova. If Dynegy closed the Enron purchase prior to Enron >>completing the sale of PGE to NWN, then Dynegy would probably have pretty >>big SEC issues under PUHCA. Also, I understand that yesterday, the credit >>ratings agencies were contemplating a downrating of Dynegy debt due to >>Dynegy's propspective debt load with Enron. Dynegy was urged to complete >>all of Enron's asset sales so it could restore its balance sheet and >>maintain investment grade ratings. >> >>I'm not entirely sure, but suspect that all parties will want PGE to close >>first before the Dynegy/Enron closure. Don't know if that helps. If I >hear >>more, I'll let you know. SKA >> >>-----Original Message----- >>From: HELLMAN Marc [mailto:marc.hellman@state.or.us] >>Sent: Tuesday, November 13, 2001 8:30 AM >>To: Ackerman, Susan; Mike Morgan (E-mail); Pamela Lesh (E-mail); Paul >>Kaufman (E-mail) >>Cc: Jay Dudley (E-mail); Jim Fell (E-mail); Kelley, Carla; Bob Jenks >>(E-mail); TATOM Bonnie; Ed Finklea (E-mail); Jason Eisdorfer (E-mail); >>Ken Canon (E-mail); SPARLING Lee; HELLMAN Marc; Melinda Davison >>(E-mail); Paula Pyron (E-mail); Stephanie Andrus (E-mail) >>Subject: RE: Application Filing >> >> >>Thanks. How does the Dynergy bid for Enron affect things? Do you know how >>long it might take for Dynergy to get approval from non-Oregon agencies to >>purchase Enron? >> >>-----Original Message----- >>From: Ackerman, Susan [mailto:ska@nwnatural.com] >>Sent: Monday, November 12, 2001 5:05 PM >>To: Bob Jenks (E-mail); Bonnie Tatom (E-mail); Ed Finklea (E-mail); >>Jason Eisdorfer (E-mail); Ken Canon (E-mail); Lee Sparling (E-mail); >>Marc Hellman (E-mail); Melinda Davison (E-mail); Paula Pyron (E-mail) >>Cc: Jay Dudley (E-mail); Jim Fell (E-mail); Mike Morgan (E-mail); Pamela >>Lesh (E-mail); Paul Kaufman (E-mail); Stephanie Andrus (E-mail); Kelley, >>Carla >>Subject: Application Filing >> >> >>All, we had intended to file the NWN/PGE application on Wednesday, November >>14. It does not appear that we are going to make that date. We are still >>getting full review of the application and all pieces of testimony; >>following that will be production. I apologize for not having a more firm >>date, but we really are working on it and will push it out the door as soon >>as we reasonably can. SKA (503-721-2452) >> >